AKUVO Begins 2022 with Additional Funding and Three New Signings

Jay Mossman

AKUVO, a technology-based organization specializing in portfolio risk and delinquency management for financial institutions, today announced the addition of three new clients including MSU Federal Credit Union, $6.6 billion in assets, and Credit Union of Colorado, $2.2 billion in assets. The momentum from these signings, as well as an investment made by Reseda Group, a wholly-owned CUSO of MSU Federal Credit Union, represents a strong start to 2022.

All three clients have signed on to use AKUVO’s flagship delinquency management and portfolio analytic platform, Aperture. The cloud-based solution streamlines day-to-day collection activities and reduces delinquency using data and behavioral science tools like AI (Artificial Intelligence), Machine Learning and Natural Language Processing. 

MSU Federal Credit Union, based in East Lansing, Michigan serving over 320,000 members, cited the future vision and use of analytics as one of the primary reasons behind their signing as well as the investment made by Reseda Group.

“We were really impressed by Aperture and its ability to increase the efficiency and effectiveness of our collections department. Particularly, the use of data and behavior-based analytics will change the way we interact with our members and potentially find new, untapped revenue opportunities,” commented Jim Hunsanger, Chief Risk Officer for MSU Federal Credit Union and its CUSO, Reseda Group. “We truly enjoyed getting to know the team at AKUVO and are excited to not only become a customer but an active investor in the future of the company.”

Credit Union of Colorado, based in Denver with 148,000 members, identified Aperture as best-of-breed for similar reasons. 

Chad Wilcox, Senior Vice President of Lending at Credit Union of Colorado stated, “Utilizing solutions that will allow us to help our members is fundamental to our long-term strategy. AKUVO’s comprehensive delinquency management platform and commitment to enhancing the solution with key data and analytics tools will allow us to support our members now and in the future.”
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“We are honored to have been selected by these three highly-innovative credit unions. At AKUVO, we view every new customer as a member of our family. We are focused and committed to listening and supporting their future growth, powered by our products, in the spirit of true partnership,” said Jay Mossman, Founder and CEO of AKUVO. 

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